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What are insurance Marketplaces in health care?

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Marketplaces, also called Exchanges, are state websites that let people enroll in a health insurance plan. You can compare health plans in a Marketplace and can find out if you can get subsidies to help pay for one. You must shop for a plan during an open enrollment period unless you have a qualifying event like a job loss.

In a Marketplace, you can find out if you qualify for Medicaid or programs like the Children's Health Insurance Program (CHIP). You can enroll in Medicaid and CHIP any time.

SOURCES:

National Association of Insurance Commissioners: "Glossary of Health Insurance and Medical Terms."

U.S. Bureau of Labor Statistics: "Definitions of Health Insurance Terms."

Healthinsurance.org: "Health Insurance Glossary."

U.S. News and World Report: "Health Insurance Definitions."

HealthCare.gov   "Glossary, COBRA," "Glossary Health Savings Account," "The Health Insurance Marketplace," "Children's Pre-existing Conditions."

California Department of Insurance: "COBRA."

Reviewed by Sarah Goodell on February 16, 2018

SOURCES:

National Association of Insurance Commissioners: "Glossary of Health Insurance and Medical Terms."

U.S. Bureau of Labor Statistics: "Definitions of Health Insurance Terms."

Healthinsurance.org: "Health Insurance Glossary."

U.S. News and World Report: "Health Insurance Definitions."

HealthCare.gov   "Glossary, COBRA," "Glossary Health Savings Account," "The Health Insurance Marketplace," "Children's Pre-existing Conditions."

California Department of Insurance: "COBRA."

Reviewed by Sarah Goodell on February 16, 2018

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What is a preexisting condition in health care?

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